Dollar To Naira
The naira on Wednesday, June 26, in Lagos gained marginally against the dollar at the parallel market closing at N359.3 to the dollar.
The naira on Wednesday, March 20, lost marginally to the dollar at the parallel market in Lagos exchanging at N358.2 to the dollar, weaker than N358 traded on Tuesday, March 19.
The acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu on Thursday, November 15, cautioned Bureau de Change operators in the country against aiding corrupt practices of some politicians.
The central bank officials on Wednesday, July 4 held a town hall meeting with businesses in Lagos to introduce the yuan for imports from China ahead of plans to start auctioning the Asian currency later this month.
An economist, Dr Chijioke Ekechukwu, says the naira will gain strength against the dollar when the Nigeria -China currency swap takes effect. Ekechukwu said that the exercise is expected to reduce pressure on the dollar.
The Central Bank of Nigeria (CBN) has again warned Nigerians to stop mishandling naira notes by squeezing, spraying and selling them as any of these acts according to the law will attract a fine of not less than N50,000.